Why is it relevant how much gold an individual buyer buys? You seemed to be trying to underpin your point by saying central banks suck up most gold production. Since central banks have vast foreign reserves they can spend, obviously they're going to be the largest individual purchasers. So what? Why is that meaningful?
GOooooooooLD!!!!!
- Thread starter ChesusRice
- Start date
I thought you said you bought his and her Sportsters?
ChesusRice
Well-Known Member
No it doesn't. You are right
Harrekin
Well-Known Member
That was probably the year before, when you got millions you can't just make do with one a year.
UncleBuck
Well-Known Member
stop being so preoccupied with what others do, the jealousy and envy emanating from you is sickening.
ChesusRice
Well-Known Member
THE price of gold is slumping below $US1,200 an ounce, the lowest in more than three years, after the US Federal Reserve pulled back on its stimulus program. Gold plunged $US41.40, or 3.4 per cent, to $US1,193.60 an ounce on Thursday.
It hadn't closed below $US1,200 an ounce since August 2010.
It hadn't closed below $US1,200 an ounce since August 2010.
A: ummmmmm..check my signature?
Wasn't someone on here recently touting how "rich" they were from Bitcoin?
http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/
It's worse than a penny stock pump'n'dump on the TSX Venture exchange or the "pinks" in the OTC market.
is it me or does harry have itty, bitty feet?
Pinworm
Well-Known Member
ChesusRice
Well-Known Member
“All the bullish factors we had pushing gold higher in the last 12 years are now going into reverse,” said Robin Bhar, a London-based analyst at Societe Generale SA who’s ranked by Bloomberg as the most-accurate precious-metals forecaster over the past eight quarters. “There will be more ETF selling in 2014 as the price goes lower.”
http://www.bloomberg.com/news/2013-12-15/gold-funds-see-unprecedented-31-slump-with-world-losing-faith.html
http://www.bloomberg.com/news/2013-12-15/gold-funds-see-unprecedented-31-slump-with-world-losing-faith.html
Harrekin
Well-Known Member
Excellent silver buying opportunity if you're in it for the long run.
Industry will need it eventually and recycling from electronics is only profitable when spot is at $250 an ounce or above.
Like it or lump it, technology cannot work without silver.
ChesusRice
Well-Known Member
There has to be a cheaper way of recovering circuit boards. I know they busted a guy here for doing it, and dumping out the toxic waste into the storm drains
Mindmelted
Well-Known Member
Gold prices stared a brief but heart-stopping fall this morning, diving below the frightening $1,200 per ounce mark, on the aftermath of the US Federal Reserves decision to start tapering asset purchases under its economic stimulus program.
February deliveries were down 2.4% to $1,205.20 an ounce by 7:59 a.m. ET after plunging as much as 3% to $1,198 an ounce, the lowest price in almost six months.
This way the precious metal is heading for the first annual plunge in 13 years, as investors lost faith in the metal. Prices dove 37% since reaching a record-high of $1,923.70 an ounce in September 2011..
Yeah so what! I bought my gold when it was $250 . So again so fucking what.
I am still well in the + for A LONG TIME TO COME.
Harrekin
Well-Known Member
You bought in at a nice time, congrats.
Iv only been in this game about 5/6 years now, that said, my average spot for physical silver is about $19 an ounce, which is pretty decent considering it was soaring around $35 for a long time.
Keep buying, the price can only go up on silver.
Mindmelted
Well-Known Member
Harrekin
Well-Known Member
My gold is mostly "recovered".
My silver is mostly bought, part recovered.
I like the chemistry, me.
Makes it cheap as fuck too, but the minted stuff is still sexy to just hold.